The Heat: Tariff Turmoil
On Thursday, the White House announced a flurry of new reciprocal tariffs just hours before its midnight deadline. The new rates go as high as 50% scheduled to take effect August 7th, targeting more than 90 countries and territories. Meanwhile, the August 1st levies, including those imposed on America’s top three trading partners Mexico, Canada, and China commenced Friday. Global stock markets tanked, leaving U.S. trading partners scrambling to curb economic volatility.
The Heat: Tariff Turmoil
The United States has now set an August first deadline for countries to negotiate a new trade deal or face steep reciprocal tariffs. The White House sent letters to at least twenty countries this week, including key trade partners Japan and the Republic of Korea. Since April, the U.S. has reached a framework for trade deals with China, Vietnam and the United Kingdom. Joining the discussion: Otaviano Canuto is a Senior Fellow with the Policy Center for the New South and a former Vice President of the World Bank. Klisman Murati is the Founder of Pareto Economics, creator of the Global Power Index and a Professor at Helsinki Geoeconomics. Qu Qiang is an Assistant Director at the International Monetary Institute. Sourabh Gupta is a Senior Asia-Pacific International Relations Policy Specialist with the Institute for China-America Studies.
https://youtu.be/TnIBwv8JYAM?si=U0RnzvIcbd6M26fO
First BRICS Summit since expansion focuses on reform of global governance
CGTN’s Diego Laje speaks to Otaviano Canuto, Senior Fellow at the Policy Center for the New South, about the key issues shaping the 2025 BRICS Summit.
https://youtu.be/ApMQS62RNls?si=C6ytQVBZDbqQrDvN
The Heat: 2025 BRICS Summit
As the 17th BRICS Summit concludes in Rio de Janeiro, the economic bloc’s relevance in global affairs is growing. BRICS GDP in purchasing power parity is now larger than the G7’s. Originally composed of Brazil, Russia, India & China, then expanded to include South Africa, and now with six more members, the group is positioning itself as a powerful voice for the Global South. #Heat #BRICS #Brazil #GlobalSouth Joining the discussion: Ambassador Luiz Augusto de Castro Neves is President of the Brazil-China Business Council and former Brazilian Ambassador to China. Otaviano Canuto is Senior Fellow at the Policy Center for the New South. Chidanand Rajghatta is Foreign Editor and U.S Bureau Chief of the Times of India. Einar Tangen is a Senior Fellow at the Taihe Institute.
https://youtu.be/Q8yfT_J_qOk?si=3PfRHgApdnmq7hTO
Growing economic power of BRICS countries
Representing approximately 45% of the world’s population, BRICS countries are projected to outperform G7 economies in 2024-2025. Analyst Otaviano Canuto breaks down the drivers of this growth
ttps://youtu.be/M4ow0dgL05Q?si=5RlgM7G-ZxLHGuok